WDFC

MKT CAP:$3B

WD-40 Company

Market Cap

$3B

Basic Materials·Chemicals - Specialty·🇺🇸 United States·NASDAQ

Materials·Chemicals·🇺🇸·NASDAQ

Stock Price

$223.06+$26.30 (+13.37%)

Apr 23, 2026

Company Details

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol s...

CEO

Steven A. Brass

IPO Date

May 3, 1973

Website

www.wd40company.com

Key Metrics TTM

Revenue

$636M

+4.2% YoY

Net Income

$80M

EPS (Diluted)

$5.88

Free Cash Flow

$84M

Revenue / Share

$47.05

Gross Margin

55.7%

Operating Margin

16.5%

Net Margin

12.6%

FCF Margin

13.2%

P/S

4.7x

P/E

37.6x

Earnings Reports

Q2 2026

Apr 9, 2026

$162M+10.7%EPS $1.50

Q1 2026

Jan 8, 2026

$154M+0.6%EPS $1.28

FY 2025

Oct 27, 2025

$620M+5.0%EPS $6.69

Q4 2025

Oct 27, 2025

$163M+4.8%EPS $1.56

Q3 2025

Jul 10, 2025

$157M+1.2%EPS $1.54

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$124M	$59M	$19M
Q4 22	$130M	$62M	$20M
Q1 23	$125M	$64M	$19M
Q2 23	$130M	$66M	$22M
Q3 23	$142M	$72M	$26M
Q4 23	$140M	$72M	$23M
Q1 24	$140M	$76M	$24M
Q2 24	$139M	$73M	$21M
Q3 24	$155M	$82M	$27M
Q4 24	$156M	$84M	$24M
Q1 25	$153M	$84M	$25M
Q2 25	$146M	$80M	$23M
Q3 25	$157M	$88M	$27M
Q4 25	$163M	$89M	$28M
Q1 26	$154M	$87M	$23M
Q2 26	$162M	$90M	$26M

Valuation

Quarter	P/S	P/E
Q3 22	5.2x	42.8x
Q4 22	5.0x	38.7x
Q1 23	4.6x	37.2x
Q2 23	4.6x	39.4x
Q3 23	4.8x	39.7x
Q4 23	5.5x	45.0x
Q1 24	5.9x	47.2x
Q2 24	6.5x	53.1x
Q3 24	5.4x	44.5x
Q4 24	5.9x	49.8x
Q1 25	6.2x	52.8x
Q2 25	5.3x	37.9x
Q3 25	5.3x	37.7x
Q4 25	4.8x	32.6x
Q1 26	4.3x	29.8x
Q2 26	5.1x	40.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$4M	$318.0K
Q4 22	-$5M	-$6M
Q1 23	$10M	$9M
Q2 23	$11M	$8M
Q3 23	$35M	$34M
Q4 23	$43M	$41M
Q1 24	$27M	$26M
Q2 24	$18M	$17M
Q3 24	$20M	$19M
Q4 24	$27M	$26M
Q1 25	$15M	$14M
Q2 25	$8M	$7M
Q3 25	$35M	$34M
Q4 25	$30M	$29M
Q1 26	$10M	$9M
Q2 26	$14M	$13M

Capital Expenditures

Quarter	CapEx
Q3 22	$3M
Q4 22	$1M
Q1 23	$1M
Q2 23	$2M
Q3 23	$1M
Q4 23	$2M
Q1 24	$786.0K
Q2 24	$1M
Q3 24	$1M
Q4 24	$847.0K
Q1 25	$691.0K
Q2 25	$1M
Q3 25	$1M
Q4 25	$1M
Q1 26	$935.0K
Q2 26	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	-9.3%	-4.0%
Q4 22	+13.2%	+7.9%
Q1 23	-7.3%	-4.0%
Q2 23	+0.2%	+2.7%
Q3 23	+14.6%	+10.9%
Q4 23	+7.7%	+5.7%
Q1 24	+12.4%	+9.4%
Q2 24	+6.8%	+9.4%
Q3 24	+9.4%	+10.2%
Q4 24	+11.1%	+12.6%
Q1 25	+9.3%	+10.4%
Q2 25	+5.0%	+3.9%
Q3 25	+1.2%	+1.3%
Q4 25	+4.8%	+2.7%
Q1 26	+0.6%	+2.2%
Q2 26	+10.7%	+10.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$975.0K	0.8%
Q4 22	$946.0K	0.7%
Q1 23	$3M	2.2%
Q2 23	$2M	1.7%
Q3 23	$813.0K	0.6%
Q4 23	$641.0K	0.5%
Q1 24	$2M	1.6%
Q2 24	$2M	1.3%
Q3 24	$914.0K	0.6%
Q4 24	$1M	1.0%
Q1 25	$1M	1.0%
Q2 25	$3M	1.8%
Q3 25	$2M	1.0%
Q4 25	$2M	1.0%
Q1 26	$2M	1.1%
Q2 26	$3M	1.8%

OpEx Breakdown

Quarter	G&A	S&M
Q3 22	$34M	$6M
Q4 22	$32M	$10M
Q1 23	$40M	$5M
Q2 23	$38M	$6M
Q3 23	$38M	$8M
Q4 23	$39M	$10M
Q1 24	$44M	$7M
Q2 24	$45M	$7M
Q3 24	$46M	$9M
Q4 24	$49M	$11M
Q1 25	$42M	$8M
Q2 25	$49M	$7M
Q3 25	$42M	$9M
Q4 25	$49M	$12M
Q1 26	$55M	$8M
Q2 26	$55M	$9M

Revenue Segments

Quarter	Homecare And Cleaning Products	Multi Purpose Maintenance Products	Other Maintenance Products	WD-40 Multi-Use Product	WD-40 Specialist
Q3 22	$8M	$115M	—	—	—
Q4 22	$9M	$122M	—	—	—
Q1 23	$9M	$116M	—	—	—
Q2 23	$8M	$122M	—	—	—
Q3 23	$8M	$133M	—	—	—
Q4 23	$9M	$132M	—	—	—
Q1 24	$8M	—	$8M	$108M	$17M
Q2 24	$8M	—	$7M	$107M	$17M
Q3 24	$8M	—	$8M	$119M	$20M
Q4 24	$9M	—	$8M	$119M	$20M
Q1 25	$8M	—	$8M	$119M	$19M
Q2 25	$7M	—	$7M	$114M	$19M
Q3 25	$7M	—	$8M	$121M	$22M
Q4 25	$8M	—	$9M	$125M	$22M
Q1 26	$6M	—	$9M	$118M	$23M
Q2 26	$5M	—	$7M	$127M	$22M

Revenue by Geography

Quarter	Americas Segment	Asia Pacific Segment	Europe, India, Middle East, And Africa Segment
Q3 22	$61M	$13M	$49M
Q4 22	$68M	$19M	$44M
Q1 23	$58M	$26M	$41M
Q2 23	$63M	$20M	$47M
Q3 23	$71M	$18M	$53M
Q4 23	$75M	$15M	$51M
Q1 24	$64M	$28M	$49M
Q2 24	$64M	$21M	$54M
Q3 24	$75M	$21M	$59M
Q4 24	$79M	$18M	$59M
Q1 25	$69M	$27M	$57M
Q2 25	$66M	$21M	$60M
Q3 25	$78M	$22M	$57M
Q4 25	$77M	$23M	$63M
Q1 26	$72M	$24M	$59M
Q2 26	$72M	$25M	$65M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$41M	$0	$41M
Q4 22	$38M	$0	$38M
Q1 23	$37M	$0	$37M
Q2 23	$38M	$0	$38M
Q3 23	$38M	$0	$38M
Q4 23	$48M	$0	$48M
Q1 24	$50M	$0	$50M
Q2 24	$55M	$0	$55M
Q3 24	$45M	$0	$45M
Q4 24	$47M	$0	$47M
Q1 25	$55M	$0	$55M
Q2 25	$53M	$0	$53M
Q3 25	$52M	$0	$52M
Q4 25	$58M	$0	$58M
Q1 26	$49M	$0	$49M
Q2 26	$50M	$0	$50M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	14M	-0.2%	-0.5%
Q4 22	14M	-0.2%	-0.7%
Q1 23	14M	-0.3%	-1.0%
Q2 23	14M	-0.0%	-0.7%
Q3 23	14M	-0.1%	-0.6%
Q4 23	14M	-0.0%	-0.4%
Q1 24	14M	-0.1%	-0.2%
Q2 24	14M	-0.0%	-0.2%
Q3 24	14M	-0.0%	-0.2%
Q4 24	14M	0.0%	-0.1%
Q1 25	14M	-0.0%	-0.1%
Q2 25	14M	-0.0%	-0.1%
Q3 25	14M	-0.0%	-0.1%
Q4 25	14M	-0.1%	-0.1%
Q1 26	14M	-0.1%	-0.2%
Q2 26	14M	-0.1%	-0.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$229.0K	540
Q4 22	$223.7K	583
Q1 23	$214.2K	583
Q2 23	$223.3K	583
Q3 23	$243.1K	583
Q4 23	$229.1K	613
Q1 24	$229.1K	613
Q2 24	$226.9K	613
Q3 24	$252.9K	613
Q4 24	$242.2K	644
Q1 25	$238.3K	644
Q2 25	$226.9K	644
Q3 25	$243.7K	644
Q4 25	$229.0K	714
Q1 26	$216.3K	714
Q2 26	$226.4K	714

Revenue / Employee